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The Financial and Emotional Costs Of Not Having Funeral Cover
The Financial and Emotional Costs Of Not Having Funeral Cover
30 Sep 2024

Don’t underestimate the toll that not having funeral cover takes on your pocket as well as your mental health.

Losing someone you love is always an emotionally devastating experience. However, during this time of grief, the last thing anyone wants to worry about is the financial burden of giving them a dignified farewell. Fortunately, MiFuneral Policy can go a long way towards alleviating much of the stress, both financially and emotionally. But first, let’s look at the true cost of saying goodbye.

The financial and emotional cost of saying farewell

 

In South Africa, funerals are more expensive than many realise. The costs associated with burial or cremation, memorial services, transportation, and other arrangements can quickly add up. In fact, in South Africa, the cost of cremation alone ranges between R7 000 and R15 000. Without funeral cover, these costs will fall on the shoulders of grieving family members, potentially leading to financial strain or, even worse yet, putting them into debt.

 

While it’s easy to whip out a calculator and get an idea of what a loved one’s funeral might cost, the emotional toll is immeasurable. On top of the grief and sadness, family members might also feel overwhelmed and guilty about not being able to provide a fitting farewell. As emotions run high during this time, it’s not uncommon for families to become embroiled in a bitter fight about who’s going to pay for what, complicating the grieving process even further.

MiFuneral Policy is a solution for real peace of mind

 

At MiWayLife, we understand that the passing of a loved one can take an emotional toll as well as a financial one. With this in mind, we’ve created MiFuneral Policy, a digital-first policy that can be bought online with just a few clicks. As you don’t have to pay a broker or extra administration fees, you can get the coverage you need at a price that suits your budget. It also pays out fast - within 48 hours - so your family receives the money they need to give you a meaningful final farewell and won’t have to dip into their own pockets.

Another plus? You can also customise your MiFuneral Policy with extra optional benefits like extra cover to help you meet other end-of-life expenses. You can also decide how you’d like it to be paid – as a lump sum or as a short-term monthly income to protect your family going forward.

A MiFuneral Policy can also ease the emotional toll

As we’ve mentioned, losing a loved one comes with a hefty emotional toll. This is why all MiFuneral Policies feature additional no-cost benefits to help support your family during an incredibly difficult time. These include access to our complimentary Funeral Arrangement Service that offers telephonic support to explain the application process for death certificates as well as other legal documents. Our compassionate, agents can even arrange overnight accommodation for immediate family members who might have to travel from afar to attend the funeral.

Last, but not least, all MiFuneral Policies include a Repatriation Service benefit to help you transport your loved one’s remains to a funeral parlour closest to their residence within South Africa. This benefit also includes assistance with the transportation of ashes to the deceased’s place of residence after cremation.

The Bottom Line

Passing away without a funeral policy can put a serious strain on the people you love. However, MiFuneral offers an affordable, flexible solution that supports you both financially and emotionally. This way, you can focus on what really matters - honouring the memory of your loved one. So, why not get a quick online quote from MiFuneral today?

Did You Know:

You can now take out affordable funeral cover with us online in a few simple steps. No calls and no agents! Discover the digital way to enjoy full peace of mind by buying a MiFuneral Policy cover online.

Need more information on MiWayLife? Read about our life insurance product, or get a life insurance quote in 30 seconds. Alternatively, call us on 0860 64 54 33 .
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Terms and conditions apply. Eligibility, cover and benefits are determined on individual risk profile. MiWayLife is an authorised FSP (No. 45741) and its product offering is underwritten by Sanlam Life Insurance Limited, a registered long-term insurer. MiWayLife is a division of Sanlam Life Insurance Limited - Reg No. 1998/021121/06